FX.co ★ USD/CHF Bullish View , February 1, 2011 (Daily Strategy)

USD/CHF

The USD/CHF pair is even now battling the 0.9400 strong support level in an attempt to breach it downwards and to move on towards new lows. That said, it is estimated that should the pair fail to breach the support level, a reverse upwards movement will commence, attempting to breach the minor trend line passing through the level of 0.9440 Swiss Francs for one United States dollar.

A meaningful entry into a buy position is to be carried out only after the closing of the 4-hour bar over the trigger and testing level of 0.9440 Swiss Francs for one United States dollar.